Legacy One Business Brokers
Listed by Legacy One Business Brokers
$149,500
3055 HWY 44 - Panorama Gardens
Details
Property Type Retail, Land
Sub Type Storefront, Commercial
Square Footage 2,387
Cap Rate 8.83%
NOI $13,200
Occupancy 100%
Tenancy Single
Lease Type Gross
Pro-Forma Cap Rate 9.05%
Pro-Forma NOI $13,530
Price per SqFt $63
Class C
Year Built 1956
Lot Size (SqFt) 26,572
Zoning C - Commercial
Parking Spaces 15 spaces
Parking per 1,000 SqFt 6.28
Investment Type Owner/User
Ground Lease No
Sale Condition N/A
Established floral and garden center including real estate represents a rare opportunity to own.
Marketing description
Panorama Gardens sits at a lucrative inflection point. An incoming, growth-minded operator has the immediate capability to transform the business from a traditional retail operation into a high-margin "experiential service" destination.1 By leveraging an available liquor license to host "Sips & Stems" floral workshops and expanding the utilization of the secondary on-site greenhouse, a new owner can significantly drive up Average Order Value (AOV) and community foot traffic.
Investment highlights
- A profitable, vintage-inspired garden center, floral shop, and retail boutique located in Panora, Iowa.
- Panorama Gardens represents a rare, highly collateralized investment opportunity in the stable retail and agricultural sectors. Under its current ownership, the business has grown into a dominant local institution, recently voted "Best Florist" in Guthrie County. The enterprise boasts excellent financial health, generating $383,336 in gross revenue in the 2025 fiscal year, representing a 5% year-over-year top-line growth rate.
- This offering is structured as a comprehensive business and real estate sale with an inclusive go-to-market asking price of $395,090.1 This pricing provides an acquirer with extraordinary downside protection, as the transaction includes the underlying commercial real estate (valued at $149,500), an extensive inventory of garden and patio goods ($80,000 net realizable value), and a fully operational fleet of equipment and vehicles ($17,900).
Listing Contacts
Legacy One Business Brokers
Listed by Legacy One Business Brokers
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$13,200.00
$1,100.00/mo
Valuation Metrics
0
DSCR
8.83%
Cap Rate
8.83%
ROI
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